China: An error Occurred in the System. OKEx Suspended the Withdrawal of Cryptocurrency and Legal Currency Transactions, and Responded That It Was "All Rumors."

On May 22, OKEx appeared to have a variety of bugs. OKEx then issued a response on the official website and suspended the withdrawal of coins and legal currency transactions. Based on the discussion of users in social media, the main issues are: First, the account showed wrong message. If Party A transfers 10k USDT to Party B, and Party B receives 10k USDT, Party A’s account balance won’t decrease. Second, the currency price was wrong. BTC/USDT went down from 8220 to 6002 and then quickly returned to normal level. ETH/USDT went up to 736. OKEx responded and said: “It’s all rumors.” (Chinese)

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In their public response on Monday, OKEx outlined several issues with the Amber AI complaints, expressing that
“These are completely false allegations and the defamatory statements have caused serious damages to OKEx’s reputation.”
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1 – Amber AI is not a customer. According to OKEx,
“We do not have an institutional client profile named Amber AI, while Amber AI claim themselves as a Hong Kong-based company. We do NOT serve any customer in Hong Kong, in respect of the local laws and regulations. The OKEx account that Amber AI claimed managing is an individual account, which is not a Hong Kong resident or entity on the report of the KYC information”
2...

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